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RAKBANK Chief Exec To Retire, Replaced By Lloyds Banker

Ian Larkin of Lloyds will replace Graham Honeybill, who will become a non-executive director.

Abu Dhabi’s Mubadala Signs $2bn Refinancing

The three-year revolving credit facility attracted a total of 19 international lenders and replaces a $2.5 billion loan agreed in 2010.

Exclusive Interview: Colm McLoughlin, Executive Vice Chairman, Dubai Duty Free

With $16 million sales per day, is Dubai Duty Free’s success about being in the right place at the right time or a shrewd business strategy?

UAE Relaxes Travel Restrictions On Canadians

The UAE withdrew its visa waiver for Canadian citizens more than two years ago amid a dispute over landing rights.

“I Eat A Burger Everyday,” Says Max Burger CEO

The Swedish burger chain recently opened its first store outside Scandinavia in Dubai.

Dubai Duty Free Sales Up 12% In Q1

The airport retailer recorded sales of Dhs1.6 billion in the first three months of the year.

Dubai World Central To Open For Passengers In October

Dubai’s second airport will operate five runways and have a capacity of 160 million passengers a year.

National Bank Of Abu Dhabi Names ANZ’s Thursby As CEO

Alex Thursby succeeds Michael Tomalin who after 14 years at the helm will remain in a non-executive director’s role.

Dubai Developer Damac Plans IPO – Sources

The IPO plan is reportedly at an initial stage and it is not clear whether the listing will be in Dubai.

Dubai ‘Central’ To Emirates-Qantas Partnership Success

Emirates President Tim Clark highlighted the importance of Dubai as a trading hub at last night’s gala dinner.

Abu Dhabi’s Western Region In $500bn 2030 Output

A strategic guide for all the development initiatives in the Western Region has been devised under a framework called Al Gharbia 2030.

Etihad Starts Washington DC Flights

The Abu Dhabi carrier will also open a $6.8 million premium lounge this week in Terminal A at Dulles Airport for first and business class passengers

Sharjah Islamic Bank Picks Banks For Sukuk Sale

The lender chose Abu Dhabi-based Al Hilal Bank, HSBC, Kuwait’s Liquidity Management House and Standard Chartered.

Leeds United’s Dubai-Based Owner Says Studying Investor Offers

GFH Capital is bringing in additional investors to develop the English soccer club.

Dubai Has Highest Fire Safety Standards In The World – Official

Despite official safety claims, 43 per cent of the UAE’s residents still say they have never taken part in a fire drill, finds new survey by Honeywell.

Emirates On The Lookout For Asia’s Qantas

The Dubai airline’s long-term strategy “embraces opportunity,” states Emirates president Tim Clark.

UAE’s Gulf Capital Sees Assets Doubling In Five Years

Gulf Capital owns stake in firms such as healthcare chain Techno Scan and water engineering firm Metito Holdings.

VIDEO: Emirates, Qantas A380s In Sydney Flyover

The tandem flight is believed to be the first time two commercial A380s have flown together in formation.

Emaar’s Alabbar Eyes New World’s Tallest Building

Emaar’s chief has located Asia as a possible location for a skyscraper to outreach the expected height of Kingdom Tower.

Dubai Holding Unit’s 2012 Profit Surges On Lower Impairments

DHCOG posted a net profit of Dhs1.2 billion ($326.71 million) for 2012, compared with profit of Dhs204 million in 2011.

Emirates NBD Lists $750 Bond On Nasdaq Dubai

The issue was three and a half times oversubscribed with more than 160 orders received from regional and international investors.

Stocks: Kuwait Recovers Intraday Losses; Dubai At Two Month Low

Dubai’s bourse fell 0.9 per cent to a fresh two-month low of 1,829 points.

UAE’s Dana Gas Receives $73.7m From Iraq And Egypt This Year

The company also said that it’s on track to complete its sukuk refinancing in the second quarter of the year.

Animal Kingdom Wins $10 Million Dubai World Cup

Last year’s winner Monterosso, from the Dubai Godolphin stable, was pulled out of the race earlier in the day.

10 UAE Start-Ups To Watch

Start-ups are sprouting up across the country and speedily gaining access to investor support.

Dubai Gears Up For Next, More Modest Boom

Authorities expect a 50 per cent population growth by 2020 but financing issues are likely to moderate the boom.

Dubai Airport Now Ranks As World’s Second Busiest

Dubai International Airport is now second only to London Heathrow after passenger traffic rose 13 per cent to 10.6 million in the first two months of 2013.

Damac’s Paramount Pictures Development Sells Out

Phase one of the serviced apartments are all gone with phase two to go on sale in April.

UAE Central Bank Agrees On Mortgage Caps

The bank has given initial approval to a proposal by the country’s commercial banks on setting limits for residential mortgage loans.

UAE President Sheikh Khalifa To Visit The UK Next Month

This is the UAE’s first state visit to the United Kingdom since 1989.